DoorDash, Inc. (NASDAQ:DASH – Get Free Report) Director Shona L. Brown sold 1,712 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $110.97, for a total value of $189,980.64. Following the completion of the transaction, the director now directly owns 70,191 shares in the company, valued at approximately $7,789,095.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
DoorDash Stock Performance
DoorDash stock opened at $108.78 on Friday. The firm has a market capitalization of $44.48 billion, a price-to-earnings ratio of -100.72, a price-to-earnings-growth ratio of 27.96 and a beta of 1.69. DoorDash, Inc. has a fifty-two week low of $69.90 and a fifty-two week high of $143.34. The stock’s fifty day moving average is $115.60 and its two-hundred day moving average is $117.24.
DoorDash (NASDAQ:DASH – Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the prior year, the company earned ($0.41) earnings per share. DoorDash’s revenue was up 23.5% compared to the same quarter last year. As a group, sell-side analysts forecast that DoorDash, Inc. will post 0.11 EPS for the current fiscal year.
Institutional Trading of DoorDash
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on DASH shares. Loop Capital started coverage on DoorDash in a report on Friday, April 19th. They issued a “buy” rating and a $170.00 target price on the stock. Wedbush reissued a “neutral” rating and issued a $115.00 target price on shares of DoorDash in a report on Thursday, May 2nd. BMO Capital Markets dropped their target price on DoorDash from $138.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Piper Sandler raised DoorDash from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $53.00 to $127.00 in a report on Friday, March 15th. Finally, Oppenheimer upped their price objective on DoorDash from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and a consensus target price of $134.79.
Read Our Latest Analysis on DoorDash
About DoorDash
DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.
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